Free trade

Free trade is a policy followed by some international markets in which countries' governments do not restrict imports from, or exports to, other countries. Free trade is exemplified by the European Economic Area and the North American Free Trade Agreement, which have established open markets. Most nations are today members of the World Trade Organization (WTO) multilateral trade agreements. However, most governments still impose some protectionist policies that are intended to support local employment, such as applying tariffs to imports or subsidies to exports. Governments may also restrict free trade to limit exports of natural resources. Other barriers that may hinder trade include import quotas, taxes, and non-tariff barriers, such as regulatory legislation.

Features of free trade

Free trade policies generally promote the following features:

  • Trade of goods without taxes (including tariffs) or other trade barriers (e.g., quotas on imports or subsidies for producers)
  • Trade in services without taxes or other trade barriers
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    This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Free_trade

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    Latest News for: Africa free trade

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    Oduwole:  Trump’s Tariff to Impact $6bn Annual Exports to US

    This Day 07 Apr 2025
    ... in particular, an urgent need to enhance intra-African trade through the African Continental Free Trade Area (AfCFTA) ... And that was the whole vision behind the Africa Continental Free Trade Area.”.
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    SA must broker new US trade deal amid tariff threat, BRICS Business Council leader says

    Independent online (SA) 06 Apr 2025
    “It’s always going to be a more balanced trade deal now because America can argue that the duty-free dispensation for us was overly favourable to us,” he said, noting the US’s $9 billion trade deficit with South Africa in 2024.
    Edit

    African Union champions artificial intelligence (AI) for Africa’s socioeconomic transformation

    Sierra Leone Telegraph 05 Apr 2025
    AI and the African Continental Free Trade Area ... With the operationalization of the African Continental Free Trade Area (AfCFTA) and Digital Trade Protocols, Africa’s AI market is poised for exponential growth.
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    South Africa's Tau and Lamola outline strategy to urgently tackle new US tariffs

    Independent online (SA) 04 Apr 2025
    South Africa unveiled a multi-pronged strategy ... The African Continental Free Trade Area will be leveraged to boost intra-African trade, a move the ministers said supports "a better Africa and world.".
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    South African experts urge market diversification amid U.S. "unilateral trade tariffs"

    Beijing News 04 Apr 2025
    Speaking at an investment conference in Johannesburg, Tau warned that "uncertainty caused by unilateral trade tariffs, which undermine WTO rules," would have "significant implications" for South Africa's economy.
    Edit

    Trump’s tariffs and future of U.S.-African trade

    B & FT Online 04 Apr 2025
    Do you think trade and foreign investment are at the cross-road, with risks and/or opportunities, as Africa continues to experience instability? What do you think of the current status of the African ...
    Edit

    How tiny Lesotho ended up with the highest U.S. tariffs in the world

    The Los Angeles Times 04 Apr 2025
    Lesotho’s Trade Minister Mokhethi Shelile said his country will be on the prowl for new markets and use the Africa Continental Free Trade Area to increase exports to favorable destinations in Africa.
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    Trump's tariff plan: what impact on African countries?

    France24 04 Apr 2025
    Pretoria is urgently trying to negotiate a new free trade agreement with Washington.
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    South African farmers brace for potential impact of US tariffs

    Independent online (SA) 04 Apr 2025
    Sihlobo said that from a domestic policy response, the industry remained convinced that South Africa should seek a Free Trade Agreement with the US when the dust settles.
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    World braces for price hike after tariff bombshell by Trump

    Dawn 04 Apr 2025
    Some of the highest increases fell on impoverished countries in Africa, but Canada and Mexico — which have free trade agreements with Washington — escaped the imposition of reciprocal tariffs.
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    Roundup: South African experts urge market diversification amid U.S. "unilateral trade tariffs"

    Xinhua 03 Apr 2025
    Speaking at an investment conference in Johannesburg, Tau warned that "uncertainty caused by unilateral trade tariffs, which undermine WTO rules," would have "significant implications" for South Africa's economy.
    Edit

    DP World finalises deal for Berbera port free zone

    The National 02 Apr 2025
    Located next to the port, the Berbera Free Zone (BFZ) is intended to support the growth of Berbera as a regional trading hub for East Africa and generate jobs, DP World said on Sunday.
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    Burundi President’s visit set to unlock new cooperation potential: diplomat

    Vietnam News 02 Apr 2025
    ... and trade opportunities ... With the establishment of the African Continental Free Trade Area (AfCFTA) in 2021, trade between Việt Nam and Africa has been on the rise, and is set for further growth.
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    Dismantling USAID could boost African self-reliance

    Arab News 02 Apr 2025
    as aid dependence became more entrenched over the decades, Africa’s share of global trade steadily fell ... Achieving economies of scale through the African Continental Free Trade Area could help crowd in private capital to build up critical industries.
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    Standing together for prosperity

    China Daily 31 Mar 2025
    ... projects launched by the African Union Development Agency-New Partnership for Africa's Development to improve regional integration and help make the African Continental Free Trade Area a reality.

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